The average tax rate is
A) the fraction of an additional dollar of income that must be paid in taxes.
B) the total amount of taxes paid divided by after-tax income.
C) the total amount of taxes paid divided by before-tax income.
D) the average amount of government spending that is financed by taxes.
Correct Answer:
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Q20: Assume the marginal tax rate for income
Q21: Assume that the lost output due to
Q22: A decrease in the average tax rate,with
Q23: The full-employment deficit is
A)the number of jobs
Q24: Government capital consists of
A)money owned by the
Q26: Roads and education are examples of
A)government physical
Q27: Taxes distort economic behaviour because
A)they change the
Q29: All of the following are government capital
Q30: Suppose that all workers place a value
Q40: The marginal tax rate is
A)the fraction of
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